Malaysia may see moderate property project delays and rising construction costs with protracted geopolitical tensions in the Middle East, developers cautioned.
The Real Estate and Housing Developers' Association (Rehda) said over two-thirds of prospective homebuyers in Malaysia fail to obtain financing for property purchases, mainly due to high debt obligations and inadequate income levels.
Malaysian contractors and building materials companies may face margin pressure from rising costs amid escalating conflict in the Middle East, CIMB Securities said.
AIMS, the data centre arm of TIME dotCom Bhd (KL:TIMECOM), closed the acquisition of the 10-acre land that paved the way for the construction of a RM4 billion data centre in Cyberjaya.
The Residential Tenancy Act (RTA) is in its final stage of drafting and is expected to be tabled this year, Housing and Local Government Minister Nga Kor Ming said.
The research house said in a note IGB had also stepped up landbanking activities with recent land acquisitions near Mid Valley Southkey, in Petaling Jaya, and in Ipoh.
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